Vietnam ranks second in Southeast Asia, after Singapore, in terms of the number of artificial intelligence (AI) startups. However, the country’s 765 AI and machine learning (ML) startups secured just US$47.3 million in funding in the first nine months of 2024, according to data from PitchBook Data Inc. This indicates a shortage of funding relative to the number of startups, with each startup receiving an average of around US$62,000 in this period. Many AI startups in Vietnam have been attractive to venture capital, particularly those established early in 2016 and 2017. These startups have successfully integrated AI and ML tools into their operations and business models, demonstrating effective use of AI. Leading AI users According to Statista, by May 2024, five Vietnamese AI startups, including OKXE, Infoplus, JobHopin, Teky, and MFast, had attracted the most venture capital. OKXE topped the list, raising about US$15 million over five funding rounds. OKXE, a Korean startup operating in Vietnam, serves as a platform for used motorbike sales, integrating financial and insurance services. Founded in 2018, with headquarters in Hanoi and a trading center in HCMC, OKXE aims to simplify motorbike transactions through secure, transparent methods. By the end of 2023, OKXE had grown […]
Vietnam ranks second in Southeast Asia, after Singapore, in terms of the number of artificial intelligence (AI) startups. However, the country’s 765 AI and machine learning (ML) startups secured just US$47.3 million in funding in the first nine months of 2024, according to data from PitchBook Data Inc. This indicates a shortage of funding relative to the number of startups, with each startup receiving an average of around US$62,000 in this period. Many AI startups in Vietnam have been attractive to venture capital, particularly those established early in 2016 and 2017. These startups have successfully integrated AI and ML tools into their operations and business models, demonstrating effective use of AI. Leading AI users According to Statista, by May 2024, five Vietnamese AI startups, including OKXE, Infoplus, JobHopin, Teky, and MFast, had attracted the most venture capital. OKXE topped the list, raising about US$15 million over five funding rounds. OKXE, a Korean startup operating in Vietnam, serves as a platform for used motorbike sales, integrating financial and insurance services. Founded in 2018, with headquarters in Hanoi and a trading center in HCMC, OKXE aims to simplify motorbike transactions through secure, transparent methods. By the end of 2023, OKXE had grown […]
Vietnam ranks second in Southeast Asia, after Singapore, in terms of the number of artificial intelligence (AI) startups. However, the country’s 765 AI and machine learning (ML) startups secured just US$47.3 million in funding in the first nine months of 2024, according to data from PitchBook Data Inc. This indicates a shortage of funding relative to the number of startups, with each startup receiving an average of around US$62,000 in this period. Many AI startups in Vietnam have been attractive to venture capital, particularly those established early in 2016 and 2017. These startups have successfully integrated AI and ML tools into their operations and business models, demonstrating effective use of AI. Leading AI users According to Statista, by May 2024, five Vietnamese AI startups, including OKXE, Infoplus, JobHopin, Teky, and MFast, had attracted the most venture capital. OKXE topped the list, raising about US$15 million over five funding rounds. OKXE, a Korean startup operating in Vietnam, serves as a platform for used motorbike sales, integrating financial and insurance services. Founded in 2018, with headquarters in Hanoi and a trading center in HCMC, OKXE aims to simplify motorbike transactions through secure, transparent methods. By the end of 2023, OKXE had grown […]
HCMC – Tax authorities will launch an artificial intelligence (AI) tool next week to monitor revenue and sales on e-commerce platforms, particularly targeting cross-border...
HCMC – Vietnam's FPT Corporation and the National University of Singapore (NUS)'s School of Computing have announced a five-year, US$50-million partnership aimed at advancing...
Artificial intelligence (AI) can be a powerful tool to attract repeat visitors to Vietnam. From real-time translation to culturally aware digital assistants and personalized...
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HCMC – Vietnam and the U.S. hold significant potential for cooperation in the semiconductor and artificial intelligence (AI) industries, especially following the recent upgrade...
HCMC – RMIT University and the Vietnam National University, Hanoi (VNU) have launched a new research partnership on artificial intelligence (AI) and semiconductor technologies.
The...
To harness GenAI’s power, early adopters should proceed with a mix of enthusiasm and caution and ensure that hope outweighs unforeseen harm.
Generative artificial intelligence,...
HCMC - Nvidia Corporation, a U.S. chip manufacturing giant, inked a deal with Vietnam's leading technology firm FPT this morning, April 23, to establish...